Esperanza Agbayani
  • CA
Share

Esperanza Agbayani's Friends

  • Jorge Vega
  • Sharon Vest
  • Brett Goldsmith
  • Bobby Sharma
  • Melrose Forde
  • Agnes ballecer

Esperanza Agbayani's Discussions

Listing a condo is the Bay Area with a Loan Mod service by Nation Star

Started this discussion. Last reply by Jonathan Katz Jun 30. 2 Replies

I am listing a property with a Loan Modification serviced by Nation Star. Has 2 loans and was told by seller they applied for loan mod and their statement with Nation Star only shows balance from the…Continue

Tags: Monel, loan, payoff, Purchase, 2nd

North Star Interest Only ARM Loan Maturing still underwater

Started this discussion. Last reply by Brett Goldsmith Jan 21. 1 Reply

HiI have a VA widow with 3 jobs and caregiving a disabled niece at her house to make ends meet. Her loan is 706K but her home is only $690K Market Value. Can she still do a loan mod? She tried to…Continue

Seller wants to sell home with Active Loan Modification with Bank of America

Started this discussion. Last reply by Esperanza Agbayani Nov 4, 2016. 2 Replies

I have a seller who is presently in Loan Modification from her original loan with Bank of America. Loan balance at that time was 800K and was down to 404K now. What will be the pay off? It is now…Continue

Chase as Jr Lien and only one short sale

Started this discussion. Last reply by Jorge Vega May 6, 2014. 3 Replies

Have a Heloc Chase that we submitted for short sale. They cannot find any record of it. 2 years ago seller accepted a $0 payoff from the recovery department and sent them a letter of acceptance but…Continue

 

Esperanza Agbayani's Page

Latest Activity

Jonathan Katz replied to Esperanza Agbayani's discussion Listing a condo is the Bay Area with a Loan Mod service by Nation Star
"Esperanza, When dealing with a Nationstar Mortgage Loan Modification (soon to be Mr. Cooper) generally speaking the second mortgage does not disappear. It is possible that the second mortgage has been charged off or maybe we a collection…"
Jun 30
Brett Goldsmith replied to Esperanza Agbayani's discussion Listing a condo is the Bay Area with a Loan Mod service by Nation Star
"If the 2nd loan is title, if you can't get a zero demand and/or full reconveyance then the lien will need to be settled. Since the debt is on title, the only way to know is to contact the 2nd lien…"
Jun 27
Esperanza Agbayani posted a discussion

Listing a condo is the Bay Area with a Loan Mod service by Nation Star

I am listing a property with a Loan Modification serviced by Nation Star. Has 2 loans and was told by seller they applied for loan mod and their statement with Nation Star only shows balance from the 1st loan. Ordered Pre-escrow and prelim still shows 1st and 2nd purchase money loans. If 2nd exists, it will likely be a short sale.If 2nd is gone it will be a regular sale. Is there a faster way to know total payoff? See More
Jun 27
Brett Goldsmith replied to Esperanza Agbayani's discussion North Star Interest Only ARM Loan Maturing still underwater
"If you're saying her home is worth 690 and her balance is 706k, you're looking at theoretically likely in the best case scenario a forgiveness or deferral of 26k. Those types of modifications are always less common to begin with and what…"
Jan 21
Esperanza Agbayani posted a discussion

North Star Interest Only ARM Loan Maturing still underwater

HiI have a VA widow with 3 jobs and caregiving a disabled niece at her house to make ends meet. Her loan is 706K but her home is only $690K Market Value. Can she still do a loan mod? She tried to apply for loan mod several times but they said she did not have enough income. Are they not doing principal reduction anymore to qualify for more manageable payments. Right now she has interest only ARM with total PITI at $2700/month. My last Short Sale Listing was 3 years ago. Not sure what is still…See More
Jan 20
Esperanza Agbayani replied to Esperanza Agbayani's discussion Seller wants to sell home with Active Loan Modification with Bank of America
"Thank you., Borrower have been late but less than 30 days each time. Mortgage is still current.  We are planning to fix it to be able to sell it higher. Thinking seller will get the equity to move on. "
Nov 4, 2016
Brett Goldsmith replied to Esperanza Agbayani's discussion Seller wants to sell home with Active Loan Modification with Bank of America
"It depends if the balance was forgiven or simply deferred. You'll find out when you get the payoff or look at the modification approval the borrower received previously. If the property has gone up in value and it's still under, it'd…"
Nov 4, 2016
Esperanza Agbayani posted a discussion

Seller wants to sell home with Active Loan Modification with Bank of America

I have a seller who is presently in Loan Modification from her original loan with Bank of America. Loan balance at that time was 800K and was down to 404K now. What will be the pay off? It is now assigned to another company and she called to request a written payoff demand. If property has gone up in value and now attain a higher equity but sill under water, what does the lender usually do? There was a refi, cash out. See More
Nov 4, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"Hi Everyone! Whew! I finally closed the story on these clients who originally has a loan mod program with B of A and when we listed it last January, the second showed up! So, the 2nd TD was included in their BK but it is still tied to the property.…"
Jul 27, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"For now, Owners are working a settlement with the 2nd which is United Guarantee. I thought the 80/20 loan originators were penalized and offered principal reduction from the lender like BofA,"
Mar 1, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"Title finally got payoff after 3 weeks when BofA sent thier payoff on 1st TD and copy of print out showing 2nd was pruged from their system and advised to wait for a recon. Instead, Title got a new payoff from United Guaranty. "
Mar 1, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"2nd Payoff came from UNITED GUARANTY and mailed to lockbox at: Wells Fargo Bank Attn: United Guaranty Lockbox 601860 1525 West W.T. Harris Blvd., 2C2 Charlotte, NC 28262…"
Mar 1, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"Thank you Brett and Brian, So even if loan is purchase money with BofA as 80/20? BofA did a HAMP loan mod in 2013 reset loan to 40 yrs plus lates/fees 420K became 490K? And 2nd never sent notice it was sold to them nor did BofA. Owners assumed the…"
Mar 1, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"HI Brett, the second is a private lender who bought it from BofA. Original is $102K and now sent a payoff in escrow for $155K including back interest and fees! I think there is somehow "not right" that BofA did when they approved the loan…"
Feb 29, 2016
Esperanza Agbayani commented on Wendy Rulnick's group Wells Fargo Short Sales
"Listed a property with Loan Modification with Bank of America. Sellers had a 1st and 2nd with BofA. When they applied for loan mod, the second was not included since their lawyer included it in their BK believing it will be wiped out.  Now we…"
Feb 29, 2016
Jorge Vega replied to Esperanza Agbayani's discussion Chase as Jr Lien and only one short sale
"You should speak with the recovery Dept and go from there, even if the loan was forgiven, or possibly even sold they should have record of it and should be able to locate the loan in their system with either the borrowers social, property address,…"
May 6, 2014

Profile Information

First Name
Esperanza
Last Name
Agbayani
Are you a...
Agent
State
CA
City
Fremont
My Profile
Certified HAFA Short Sale Specialist
Real Estate Licensed since 1988
Past Loan processor, Loan Agent wholesale and retail, residential real estate agent
GRI 1995
Transnational Referral Certified
www.EspieRealty.com

Aiming to make it at ease!

Esperanza Agbayani's Blog

Short Sale with Chase so far so good..just follow the brick road

Posted on July 30, 2012 at 3:55pm 1 Comment

I listed a short sale with 2 loans serviced by Chase. CLTV is LESS that 50% of market value. Submitted a CASH buyer and assigned a negotiator in less than 3 weeks. Today, he is submitting my package to the investor. 

We'll see...NOD in May 2012 but nothing posted in public record. Negotiating to include payoff to release an abstract of judgement from a deceased husband over a year ago. 

Scheduled to close AUGUST 30. 

Comment Wall (1 comment)

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

At 10:20am on April 28, 2014, Sharon Vest said…

If you call them they will give you the information you need.  Every bank has a different set of requirements.  Some requirements are universal but you will need to contact them for the specifics.

 
 
 

Members

© 2017   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************